Quote from: livingfree on August 30, 2022, 08:50:05 AM

Quote from: lucates on August 29, 2022, 05:27:06 PM

We do not expect gas prices to ease this year. Because of the Russia-Ukraine war. And also the World Bank warns the global economy may suffer 1970s-style stagflation. Even electric vehicles and green energy have their own disadvantages; they need high expenses and high technology, so they will take time.

It's far from easing this year. I thought that we'll have the series of roll backs but it seems that it won't be on a spree. There's another round for the price hike for this week.

Quote from: lucates on August 29, 2022, 05:27:06 PM

So the government should initiate temporary solutions like reducing tax rates etc.

They are increasing the interest rates and that's what it should be. I just hope that most countries don't give that much aid or free money ever again because that's where the economy falls.

Look at the countries where they've got that much free, it's not sustainable but I admire those countries that are able to sustain it and gets a budget for those free money they give out.

Oil has been extremely volatile lately, it's a rollercoaster. Exactly 2 days ago, in 30th of August, oil had skyrocketed once again surpassing $100/barrel and going as high as $105. Two days later, despite Gazprom's announcement that it'll be cutting off supply to Germany and France, oil has crashed below $100, trending at $96/barrel (Brent oil). In my opinion, low prices (below $100/barrel) won't be sustainable, Russia is a leading giant in oil and CNG, while their supplies won't be replenished anytime soon.

I can't fathom what they were thinking when imposing such sanctions, EU's and NATO's actions are responsible for the current state in Europe, it could have been avoided. It's one of the main reasons inflation isn't going to get any better within the next few years, while we're also facing the risk of electricity and oil supply shortages within the upcoming winter.